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QUESTION 17 Interest Rate APR Exchange Rate So($/) $1.45 = 1.00 F360($/) $1.48 = 1.00 is 4% le 3% If you had borrowed $1,000,000 and

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QUESTION 17 Interest Rate APR Exchange Rate So($/) $1.45 = 1.00 F360($/) $1.48 = 1.00 is 4% le 3% If you had borrowed $1,000,000 and traded for euro at the spot rate, how many do you receive

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